Tag: Earnings estimates

Ambuja Cements Q4 revenue likely to rise by 12.5% led by volume growth

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Ambuja Cements Ltd is set to report its financial performance for the quarter ended March 2024 (Q4 of FY24) on Wednesday (May 1).

In terms of revenue, CNBC-TV18 expects it to rise by around 12.5%, while EBITDA is likely to be up by around 15% on a year-on-year basis. Profitability is also likely to grow by 23%. CNBC-TV18 anticipates the bulk of the top-line growth to be led by volumes which are likely to show a growth of around 14%.

The realisations are likely to be down by around 4%, which is a slightly lower contraction in comparison to its peers as the company doesn’t have exposure to South India where cement pricing was very weak.

Q4 margin could expand a little bit on a year-on-year basis because of operating leverage and lower input costs. The profit after tax (PAT) is also likely to be impacted on account of higher depreciation as well as interest costs. Management commentary on pricing and demand scenarios will be key to watch.

On Tuesday the stock of Ambuja Cements declined by around 1.55% ending the day at Rs 619.90 per share. The Mumbai headquartered company currently has a market capitalisation of Rs 1,52,689.02 crore and has delivered returns of around 47% over the last 6 months.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Earnings preview: Street expects Indian Oil Corp revenue to grow in Q4 but net profit may fall

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian Oil Corporation Ltd (IOC), the largest oil refiner in India, is set to report its financial results for the quarter ended March 2024 (Q4FY24) on Tuesday, April 30.

According to a poll conducted by CNBC-TV18, analysts anticipate a 5% increase in revenues on a sequential basis, reaching ₹2.09 lakh crore.

Despite the projected revenue growth, there are expectations of a 5% decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) to ₹14,700 crore, compared to ₹15,488 crore reported in the previous quarter. Additionally, the margin is also forecasted to decrease by 70 basis points to 7.1%.

The CNBC-TV18 poll estimates a 6% decline in the quarter’s profit after tax (PAT) to ₹7,571 crore, down from ₹8,064 crore in Q3FY24.

Market analysts foresee the marketing segment sustaining its performance, supported by favourable diesel margins. However, IOC’s refinery throughput is expected to dip by 9% year-on-year. On a sequential basis, it is expected to rise by 6%.

Brokerage firm Motilal Oswal expects IOC’s gross refining margins (GRMs) to stand at $15 per barrel, with gross marketing margins at ₹3.8 per liter, primarily driven by diesel margin. Nevertheless, sequential declines in petrochemical crack spreads might impact the company’s petrochemical division.

Contrastingly, Hindustan Petroleum Corporation Ltd. (HPCL) is anticipated to exhibit strong performance in both refining and marketing segments. Thus, a divided opinion is expected regarding the performance of oil marketing companies in the Q4FY24 earnings season.

In Monday’s trading session, IOC’s stock witnessed a 2.89% surge, closing at ₹176.50. The New Delhi-based company currently commands a market capitalisation of ₹2,49,592.89 crore and has delivered returns of approximately 100% over the past six months.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

IDFC First Bank Q4 earnings preview: Analysts predict 25.2% surge in NII, 8% dip in PAT

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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IDFC First Bank is set to report its financial performance for the quarter ended March 2024 (Q4FY24) on Saturday, April 27.

According to a CNBC-TV18 poll, analysts anticipate the bank’s net interest income (NII) to witness a significant uptick, projecting a robust growth of 25.2% year-on-year (YoY) to reach ₹4,502.2 crore. Moreover, sequentially, the NII is expected to climb by approximately 5%.

However, the profitability may take a slight dent as the profit after tax for Q4FY24 is anticipated to dip by 8% to ₹738.6 crore compared to ₹802.6 crore reported in the corresponding quarter of the previous fiscal year.

However, broking firm Motilal Oswal expects deposit growth to be strong at 32.8% YoY, coupled with a sequential increase of 5.3%. Additionally, the firm anticipates a rise in loan growth, pegging it at 23% on a YoY basis.

According to Morgan Stanley, the bank may see improvements in certain key metrics. They anticipate net interest margin (NIM) to witness a positive uptick, potentially improving by 41 basis points. However, this optimism is tempered by expectations of a 17 basis points increase in credit costs compared to Q4FY23.

Meanwhile, the street expects IDFC First Bank’s asset quality to remain stable or improve on a sequential basis. In Friday’s trading session, the stock of IDFC First Bank rose by 1.56% to close at Rs 84.70.

The Mumbai headquartered bank has a market capitalisation of ₹59,964.28 crore and has delivered a negative return of around 1% in the past six months.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Mahindra & Mahindra Q3 earnings preview: Revenue likely to rise by 17%, margin may see slight dip

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian automotive giant Mahindra & Mahindra (M&M) is gearing up to unveil its financial performance for the third quarter of fiscal year 2023-24 on February 14, 2024.

According to a CNBC-TV18 poll, the anticipated Q3 revenue for Mahindra & Mahindra stands at ₹25,400 crore, reflecting a 17% growth compared to the same quarter last year, where the company reported ₹21,653 crore.

The earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to rise by 14% to ₹3,225 crore against ₹2,814 crore reported in Q3 of FY23.

However, the street expects a marginal dip in the margin, from 13% in Q3 of FY23 to 12.6% in the current quarter. Meanwhile, the profit after tax (PAT) is predicted to surge by 54% to ₹2,353 crore.

One of the key drivers of Mahindra & Mahindra’s growth is anticipated to be the 11.1% year-on-year increase in overall volumes, reaching 3,13,000 units compared to 2,81,000 units in tmhe corresponding quarter last year.

This strong performance is primarily attributed to the robust growth in the automotive sector. However, challenges persist in the tractors business due to the high base established last year and the impact of uneven rainfall.

The company’s stock traded on Tuesday with a minor decline of 0.6% at ₹1,650 per share. The Mumbai headquartered company boasts a market capitalisation of ₹2,04,778 crore. Over the last six months, the company has delivered a 6% return to its shareholders.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

ICICI Bank Q3 earnings preview: CNBC-TV18 poll expects NII to rise, asset quality to remain stable

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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ICICI Bank, a leading player in the banking sector, is set to announce its third-quarter earnings for the period ended December 31, 2023, on Saturday, January 20.

As per a CNBC-TV18 poll, the bank is expected to register a 12.2% growth in its net interest income (NII) for Q3FY24, reaching Rs 18,468.7 crore compared to Rs 16,465 crore in the corresponding quarter of the previous year.

The profit after tax (PAT) is anticipated to show a 20.3% increase, reaching Rs 9,997.1 crore from Rs 8,311.9 crore on a year-on-year basis.

Kotak Securities estimates the bank’s loan growth for the third quarter to be 18.6% year on year and 4% sequentially. They also anticipate an increase in provisions and slippages on a quarter-on-quarter basis.

Morgan Stanley projects a slippage of Rs 5,250 crore, up from Rs 4,687 crore in the preceding quarter, and predicts the bank’s net interest margin (NIM) to face pressure, decreasing to 4.73% compared to 4.9% in the previous quarter.

Despite these challenges, asset quality is expected to remain stable. Motilal Oswal forecasts a gross non-performing asset (GNPA) ratio of 2.5%, a slight increase from 2.48% in Q2FY24.

Analysts emphasize that the management’s commentary on loan and deposit growth will play a crucial role in determining the stock’s future performance.

On Friday, ICICI Bank’s stock witnessed a 1.38% increase, closing at Rs 1,000 per share. The Mumbai- headquartered company boasts a market cap of Rs 7,00,989 crore and has delivered returns of approximately 7% over the last three months and 15% over the past year.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Ultratech Cement Q3FY24 revenue may rise by 7% aided by higher realizations and lower input costs

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Aditya Birla Group’s flagship company, Ultratech Cement, is set to announce its Q3 earnings for the period ended December 31, 2023, on Friday, January 19.

According to a CNBC-TV18 poll, revenue is expected to increase by 7.3% to ₹16,649 crore compared to ₹15,520.93 crore in Q3FY23.

EBITDA is anticipated to grow by 37% to ₹3,209 crore, with the margin projected to rise from 15.05% to 19.27% on a year-on-year basis.

In its recently published Q3 business update, Ultratech Cement highlighted a 6% YoY increase in consolidated sales to 27.32 million tonnes.

Sequentially, pan-India cement realizations are predicted to rise by 2%, and the EBITDA margin is expected to benefit from higher realizations and reduced input costs.

Key factors for the stock’s performance moving forward include management commentary on pricing, demand, and expansion plans.

On Thursday, Ultratech Cement’s stock rose by 0.40%, closing at ₹9,894.20 per share. The Mumbai-based company boasts a market cap of ₹2,85,577 crore and has delivered returns of approximately 18% over the last six months.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Apollo Hospitals Q2 earnings preview: CNBC-TV18 poll expects revenue growth of 12%, margin may decline

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Apollo Hospitals is set to release its earnings report for the quarter ended September 2023 (Q2FY24) on Thursday, November 9, 2023.

According to a CNBC-TV18 poll, the second quarter revenue growth is expected to reach 12% at ₹4,770 crore, compared to the ₹ 4,251.07 crore reported in the same quarter last year.

However, it is anticipated that the margin will decrease to 12.6% from 13.3% in Q2FY23.

Profit after tax is projected to experience a surge of 38%, reaching ₹293 crore, in contrast to the ₹213 crore recorded in the same quarter the previous year.

The second quarter is expected to be relatively soft due to factors such as slightly delayed rains, resulting in an estimated 7-9% growth in hospital segment revenue. Nevertheless, market participants anticipate an increase in bed occupancy on a quarter-on-quarter basis.

Apollo HealthCo, comprising Apollo 24/7 and the backend pharmacy business, is anticipated to report a year-on-year growth of 15-20%.

Meanwhile, Apollo Health & Lifestyle, the company’s clinic business, is likely to see growth in the range of 3-4%.

Management commentary on fundraising plans and future margins will play a crucial role in influencing the stock’s performance.

On Wednesday, the stock closed at ₹5,116.05 per share, marking a 0.40% decline from the previous day’s closing price. Over the past six months, the stock has registered a gain of 11.39%.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Titan Q1 earnings preview: Revenue expected to rise by 15%, margin may see slight dip at 12.5%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Tata Group firm Titan Company Ltd is scheduled to announce its earnings for the first quarter of the fiscal year 2023-2024 (Q1FY24) on August 2.

According to a CNBC-TV18 Poll, the company’s standalone revenue is anticipated to show growth of 15 percent, reaching Rs 10,300 crore compared to Rs 8,961 crore in the same quarter last year.

Moreover, the company’s EBITDA is expected to increase by 10 percent to Rs 1,280 crore, compared to Rs 1,164 crore in Q1FY23.

However, it is projected that the company’s margin will experience a slight decline to 12.5 percent, down from 13 percent in Q1FY23. Despite this, the profit after tax for Q1FY24 is estimated to rise by 8.5 percent to Rs 860 crore.

In the Q1FY24 business update released on July 6, Titan Company reported significant growth in various segments. The jewellery business witnessed a growth of 21 percent, while the analog watches business and wearables business experienced growth of 8 percent and 84 percent, respectively.

Additionally, the eye care division recorded a sales growth of 10 percent, and fragrance & fashion accessories saw an 11 percent increase, with Taneria’s sales surging by 81 percent.

The upcoming quarters, Q2 and Q3, are expected to face challenges due to the inauspicious Adhik Maas period (July 18 to August 16) and a lower share of weddings.

Investors and analysts will closely monitor the management’s commentary on demand, margin, and market share outlook to gain insights into the company’s future performance.

Currently, the Titan Company stock is trading at 69 times its 12-month forward price-to-earnings ratio (P/E) and has risen by 30 percent in the last six months.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Maruti Suzuki Q1 Preview: Volume growth, price hikes, richer product mix to aid earnings

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Homegrown automobile manufacturer Maruti Suzuki is gearing up to announce its financial results for the quarter ended June 2023 (Q1FY24) on  July 31.

According to a CNBC-TV18 poll, analysts expect revenue growth of 19 percent, reaching Rs 31,437 crore compared to Rs 26,499 crore reported in the corresponding quarter last year.

Furthermore, the company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is anticipated to surge by 70 percent, reaching Rs 3,261 crore, compared to Rs 1,912 crore in Q1FY23. This potential increase in EBITDA would lead to an expansion of the margin to 10.3 percent on a year-on-year basis.

The projected profit after tax is expected to double to Rs 2,403 crore from the Rs 1,012 crore reported in Q1FY23.

In terms of sales volumes, there is an estimated 6 percent growth year-on-year, reaching 4.98 lakh units.

Healthy volume growth, price increases and a richer product mix are likely to aid the company’s earnings. However, it is anticipated that on a sequential basis, the margin might see a slight decline of 20 basis points due to increased discounts and higher advertising expenditures.

Investors and analysts will keenly observe the management’s commentary on the demand outlook, particularly in the affordable segment, which will provide valuable insights into the company’s future prospects.

It is worth noting that Maruti’s stock has shown a 9.5 percent increase over the last six months, closing the recent trading session at Rs 9,660 per share, with a decline of 0.96 percent on Friday.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Tech Mahindra Q1 Preview: Dollar revenue likely to decline by 1.65%, profit may remain flat

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Tech Mahindra, the information technology firm, is set to announce its earnings for the quarter ending June 2023 on Wednesday (July 26).

According to a CNBC-TV18 Poll, the dollar revenue is expected to decline by 1.65 percent and is projected to be $1,640.4 million, compared to the previous quarter’s reported revenue of $1,668 million. Moreover, the constant currency revenue growth is anticipated to decrease by 1.8-2 percent sequentially.

On a positive note, there is a possibility of an increase in EBIT margin to 10.5 percent, as opposed to the 9.6 percent reported in the previous quarter. It is important to note that the company’s fourth quarter in in FY23 margin was affected by the impairment of goodwill and non-current assets of Rs 212.6 crore.

However, the adjusted margin is expected to decline to 10.5 percent from the previous quarter’s 11.2 percent. Additionally, the profit after tax (PAT) is projected to remain flat at Rs 1,123.5 crore, almost the same as the Rs 1,117.7 crore reported in the fourth quarter of FY23.

The management’s commentary on the margin outlook will hold significance for the company’s stock in the future.

In 2023, the Tech Mahindra stock underwent a significant re-rating after announcing Mohit Joshi as its new CEO. Despite the prevailing IT industry challenges, the stock reached a fresh 52-week high at one point.

However, when Infosys reported its Q1FY24 numbers, Tech Mahindra’s stock experienced a sharp decline. As a result, the stock underwent a correction of approximately 9 percent from its 52-week high of Rs 1,270, concluding Tuesday’s trading session at Rs 1,156.45 per share.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow